Understanding Web 2 and the Birth of Web 3
Web 2 The Interactive Web
Web 2 the predecessor of Web 3.0 was the transition from static web pages to more interactive, user-generated content. Where data and content are centralized in a small group of companies sometimes referred to as “Big Tech
It was in this era that users could share content on platforms like Facebook, YouTube, and Twitter, thereby facilitating social interaction and collaboration.
Technologies, such as HTML5, CSS3, and JavaScript frameworks (ReactJS, AngularJS), powered these advancements
Web 3: The Decentralized Web
Web 3 known to some as the “Ownership Economy”, is sometimes referred to as the read-write-execute web, is a game-changer in its way.
It pairs decentralization, blockchain technology, and augmented user control.
In Web 2, data is stored on a single central server. In Web 3, blockchain technology is used to distribute data across a decentralized web with more significant security and user autonomy. Bringing ownership of the internet to everyone.
What Sets Web 3.0 Apart?
Decentralization
The technology is built around the concept of decentralization. In Web 2, data lives with big corporations. In Web 3, the data is distributed across multiple nodes.
This reduces the threat of data breaches and censorship. Bringing ownership and governce to the consumer.
Ownership and Control
Web 3 is designed to give users extensive control over their data and digital assets.
With the help of blockchain and non-fungible tokens (NFTs), digital items can be owned, and their ownership transferred without any middleman.
Furthermore, control was never a possibility in Web 2.
Interoperability and Portability
Users in Web 3 can take their data and reputation along from one platform to another.
Interoperability ensures that users are not stuck to a single service provider, thereby enhancing freedom and flexibility.
Getting Involved in Web 3
Whenever you are planning on trying out the web 3, there are a few things that must be done in order to make the experience as safe and easy as possible. below are some of the pre requisits we believe can help you have a good experience in the web 3 economy
Learning and Education
Seeking education and knowledge is paramount to understand Web 3 Technologies. Before getting involved, it is important to understand the underlying technologies.
There are several online resources and courses where you can learn blockchain, smart contracts, and decentralized applications (dApps).
Websites like Ethereum.org newsCoinsbtm.com and Simplilearn have some excellent guides.
Security
One of the most important things in Web 3 is security. Since web 3.0 is a new form of technology, it is filled with several scams and hacks. Therefore, It is key to know your security protocols before jumping into the deep end.
Users have to be on the lookout for phishing attacks, scams, and keep their private keys secure.
One can significantly improve their security by using a hardware wallet and enabling two-factor authentication.
Community Engagement
For instance, it is valuable to join the communities behind Web 3.0.
Community engagement and building is a pre requisite whilst in the web 3 realm. Communities are filled with consumers, investors and developers. Therefore, these will give you a better understanding of web 3 or better yet partake of your service and help you grow.
These communities can be found in places like Discord, Twitter, and specialized forums where users can share experiences and receive support, as well as keeping up to date on the latest
Pros & Cons Of Web 3.
PROS
Enhanced Privacy and Security: Decentralized systems reduce the risk of data breaches. Due to their blockchain nature and emphasis on security protocols
User Empowerment: Greater control over personal data and digital assets.
Innovation: New business models and applications are emerging, driven by blockchain technology making it easy for new ventures to break into the market.
CONS
Complexity: Technically the nature of Web 3 could be unfriendly to new users.
Scalability Issues: The present state of blockchain networks doesn’t have good scalability, which poses a challenge to transaction speed and cost. However, the landscape is changing and it is becoming easier to build onto web 3 L2`s.
Regulatory Uncertainty: Furthermore, the legal framework surrounding Web 3 technologies is not clearly defined, potentially raising issues both for users and developers.
What Doest The Future hold for Web 3
Visibly he future of Web 3 is bright: blockchain technology is going to mature, and with the implementation of scalability solutions such as Layer 2, adoption will improve and more innovative applications will be built.
In conclusion
Moreover, the vision of a decentralized, user-centric web is taking shape, bringing along a more secure, private, and open internet with a generation that is willing to push the boundaries of the internet and finance.
